Filed March 19, 2024
See peer percentile detail. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
See the 10-year trajectory. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $42,685 | $85,766-50.2% | $136,294-68.7% | $70,131-39.1% |
| Participation rate | 49.2% | 74.2%-24.9pp | 81.9%-32.7pp | 69.5%-20.3pp |
| Annual return | 12.65% | 31.45%-18.8pp | 5155.94%-5143.3pp | 73.14%-60.5pp |
| Employer contribution / active EE | $923 | $2,966-68.9% | $4,695-80.4% | $2,342-60.6% |
| Participant deferral / active EE | $5,514 | $5,051+9.2% | $6,247-11.7% | $3,332+65.5% |
| Admin fee / account holder | $2,190 | $5,420-59.6% | $9,243-76.3% | $4,645-52.9% |